This screen finds stocks whose RSI is between 30 and 50, the bearish zone, where the stock has negative momentum without being oversold. The RSI(14), developed by J. Welles Wilder, compares average gains with average losses over 14 days on a scale from 0 to 100; readings above 70 are considered overbought, below 30 oversold, and 50 separates bullish from bearish momentum. Screening by RSI zone helps match stocks to a strategy, whether trend following or mean reversion.
